Ryder System (NYSE:R) Sets New 52-Week High – Still a Buy?

Ryder System, Inc. (NYSE:R) hit a new 52-week high on Wednesday . The company traded as high as $167.76 and last traded at $167.67, with a volume of 38788 shares trading hands. The stock had previously closed at $164.26.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on R shares. JPMorgan Chase & Co. lowered their target price on Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Robert W. Baird lifted their price target on Ryder System from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.57.

Ryder System Trading Down 1.3 %

The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 15.50 and a beta of 1.28. The business has a fifty day moving average price of $147.28 and a 200 day moving average price of $134.85. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $3.44 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.05. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.58 earnings per share. On average, equities analysts expect that Ryder System, Inc. will post 12.01 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 30.31%.

Insider Buying and Selling at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total value of $629,760.00. Following the transaction, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Ryder System

Several large investors have recently made changes to their positions in the company. Paloma Partners Management Co acquired a new position in shares of Ryder System during the third quarter valued at $310,000. FMR LLC lifted its stake in Ryder System by 56.2% in the third quarter. FMR LLC now owns 781,519 shares of the transportation company’s stock valued at $113,945,000 after buying an additional 281,052 shares during the period. Hancock Whitney Corp lifted its stake in Ryder System by 0.6% in the third quarter. Hancock Whitney Corp now owns 31,975 shares of the transportation company’s stock valued at $4,662,000 after buying an additional 206 shares during the period. Independent Advisor Alliance acquired a new position in Ryder System in the third quarter valued at about $1,305,000. Finally, Daiwa Securities Group Inc. acquired a new position in Ryder System in the third quarter valued at about $219,000. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.